Transaction in Own Shares

RNS Number : 3562Z
Yellow Cake PLC
18 September 2020
 

18 September 2020

 

 

 

Yellow Cake plc ("Yellow Cake" or the "Company")  

 

Transaction in Own Shares

 

Yellow Cake, a specialist company operating in the uranium sector with a view to holding physical uranium for the long term, announces that, on 17 September 2020, it purchased 35,000 ordinary shares of £0.01 each in the Company (the "Shares") on the London Stock Exchange through Canaccord Genuity Limited, in accordance with the terms of its enlarged share buyback programme announced on 8 July 2020 (the "Programme"). The Shares acquired will be held in treasury.

 

Date of purchase:

17 September 2020

Aggregate number of ordinary shares purchased:

35,000

Lowest price paid per share (pence per share):

211.50

Highest price paid per share (pence per share):

214.00

Volume weighted average price paid per share (pence per share):

212.93

 

Following the purchase, the Company will have 88,215,716 ordinary shares of £0.01 each in issue, of which 3,457,385 ordinary shares are held in treasury. Therefore, the total number of ordinary shares carrying voting rights will be 84,758,331.

 

The above figure of 84,758,331 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

 

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Canaccord Genuity Limited as part of the Programme.



 

Individual transactions:

 

Number of shares
purchased

Transaction price
(pence per share)

Time of transaction

Execution venue

531

214.00

08:22:44

AIMX

1

214.00

08:29:57

AIMX

1

214.00

08:29:57

AIMX

2

214.00

08:29:57

AIMX

4

214.00

08:29:57

AIMX

4,461

214.00

08:48:07

AIMX

1,334

214.00

09:36:02

AIMX

19

214.00

09:36:02

AIMX

1,843

214.00

09:36:02

AIMX

105

214.00

09:49:24

AIMX

1,699

214.00

09:51:22

AIMX

488

213.50

09:53:30

AIMX

900

213.50

10:17:04

AIMX

485

213.50

10:17:04

AIMX

1,491

213.50

10:25:02

AIMX

765

213.50

10:25:02

AIMX

390

213.50

10:25:02

AIMX

110

213.50

10:25:02

AIMX

371

213.50

10:25:02

AIMX

1,750

213.00

10:43:35

AIMX

356

213.00

10:43:41

AIMX

900

213.00

10:43:41

AIMX

396

213.00

10:43:41

AIMX

63

213.00

10:43:41

AIMX

200

213.00

10:48:45

AIMX

57

213.00

10:48:45

AIMX

48

213.00

10:48:45

AIMX

61

213.00

10:48:45

AIMX

685

213.00

10:48:46

AIMX

210

213.00

10:48:46

AIMX

64

213.00

10:48:46

AIMX

169

213.00

10:48:46

AIMX

41

213.00

10:48:46

AIMX

16

211.50

12:02:06

AIMX

1,143

211.50

12:02:06

AIMX

350

211.50

12:02:06

AIMX

2,302

211.50

12:11:42

AIMX

440

211.50

12:11:43

AIMX

10

211.50

12:20:23

AIMX

33

211.50

12:20:31

AIMX

40

211.50

12:20:41

AIMX

45

211.50

12:20:51

AIMX

48

211.50

12:21:01

AIMX

51

211.50

12:21:11

AIMX

53

211.50

12:21:21

AIMX

58

211.50

12:21:47

AIMX

58

211.50

12:21:53

AIMX

60

211.50

12:22:17

AIMX

69

211.50

12:24:01

AIMX

76

211.50

12:26:47

AIMX

73

211.50

12:26:52

AIMX

69

211.50

12:27:01

AIMX

6

211.50

12:46:19

AIMX

1,924

212.00

14:44:48

AIMX

143

212.00

14:44:48

AIMX

166

212.00

14:44:48

AIMX

161

212.00

14:44:54

AIMX

1,249

212.00

15:05:39

AIMX

1,357

212.00

15:05:49

AIMX

5,000

212.50

16:26:36

AIMX

 

 

ENQUIRIES: 

 

Yellow Cake plc

 

 

Andre Liebenberg, CEO

Carole Whittall, CFO

 

Tel: +44 (0) 153 488 5200

 

 

 

 

 

Nominated Adviser and Joint Broker: Canaccord Genuity Limited

 

Henry Fitzgerald-O'Connor

James Asensio

 

Georgina McCooke

Tel: +44 (0) 207 523 8000

 

 

 

 

 

Joint Broker: Berenberg

 

Matthew Armitt

Jennifer Wyllie

 

Detlir Elezi

 

 

Tel: +44 (0) 203 207 7800

 

 

 

 

 

Financial Adviser: Bacchus Capital Advisers

 

Peter Bacchus

Richard Allan

Tel: +44 (0) 203 848 1640

 

 

 

 

Investor Relations: Powerscourt

 

 

Peter Ogden

Linda Gu

 

Tel: +44 (0) 7793 858 211

 

 

 

 

 

 

 

 

 



 

ABOUT YELLOW CAKE

Yellow Cake is a London-listed company, headquartered in Jersey, which offers exposure to the uranium spot price. This is achieved through its strategy of buying and holding physical triuranium octoxide ("U3O8"). It may also seek to add value through the acquisition of uranium royalties and streams or other uranium related activities. Yellow Cake seeks to generate returns for shareholders through the appreciation of the value of its holding of U3O8 and its other uranium related activities in a rising uranium price environment. The business is differentiated from its peers by its ten-year Framework Agreement for the supply of U3O8 with Kazatomprom, the world's largest uranium producer. Yellow Cake currently holds 9.32 million lb of U3O8, all of which is held in storage in Canada and France. 

 

FORWARD LOOKING STATEMENTS

Certain statements contained herein are forward looking statements and are based on current expectations, estimates and projections about the potential returns of the Company and the industry and markets in which the Company will operate, the Directors' beliefs and assumptions made by the Directors. Words such as "expects", "anticipates", "should", "intends", "plans", "believes", "seeks", "estimates", "projects", "pipeline", "aims", "may", "targets", "would", "could" and variations of such words and similar expressions are intended to identify such forward looking statements and expectations. These statements are not guarantees of future performance or the ability to identify and consummate investments and involve certain risks, uncertainties and assumptions that are difficult to predict, qualify or quantify. Therefore, actual outcomes and results may differ materially from what is expressed in such forward looking statements or expectations. Among the factors that could cause actual results to differ materially are: uranium price volatility, difficulty in sourcing opportunities to buy or sell U3O8, foreign exchange rates, changes in political and economic conditions, competition from other energy sources, nuclear accident, loss of key personnel or termination of the services agreement with 308 Services Limited, changes in the legal or regulatory environment, insolvency of counterparties to the Company's material contracts or breach of such material contracts by such counterparties. These forward-looking statements speak only as at the date of this announcement. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward looking statements contained herein to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based unless required to do so by applicable law or the AIM Rules.

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